£172,503
This estimated value is based upon the latest sale price for the house of £109,950 on 8 Aug 2007. This value is then adjusted by the current Official House Price Index for TYNE AND WEAR 1
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Price Paid | Date |
---|---|
£109,950 | 8 Aug 2007 |
£22,500 | 27 Jul 2000 |
Terraced |
Freehold |
Floor Area: 86 sq meters or 935 sq feet |
This model uses changes in the Official Land Registry House Price Index for TYNE AND WEAR to estimate the market value.
When this house was purchased in August 2007 the House Price Index for TYNE AND WEAR was 94.7.
The House Price Index as of 1 Mar 2024 is 148.6 which is a change of 56.893%.Applying this 56.893% change to the original purchase price of £109,950 results in an estimated price of approximately £172,503.
8 Aug 2007 | 1 Mar 2024 | % change | Purchase Price | Gain / Loss | Estimated Price |
94.7 | 148.6 | 56.893 % | £109,950 | £62,553 | £172,503 |
The Postcode Pricing Model uses changes in average sales price within the NE5 postcode to calculate an estimated price.
The average sales price when the house was purchased is compared with the current average sales price.
This change is then applied to the initial purchase price to derive the current estimated price.
Three different estimates are shown, with averages drawn from 1 month, 3 month and 6 month timeframes.
The longer timeframes give less volatile estimates, but are not so timely.
More information on this model and the calculations
Change % | Change £ | Estimated Price | |
1 Month Average | 6.530 % | £7,179 | £117,129 |
3 Month Average | 4.631 % | £5,091 | £115,041 |
6 Month Average | 16.278 % | £17,897 | £127,847 |
Date | Current Estimated Value | Price Paid | Address |
---|---|---|---|
3 Nov 2023 | £106,070 | £104,500 | 6 WALTHAM PLACE |
17 Mar 2023 | £129,217 | £128,000 | 1 FINSMERE PLACE |
9 Mar 2023 | £141,332 | £140,000 | 26 BINSWOOD AVENUE |
23 Feb 2023 | £169,886 | £170,000 | 7 FINSMERE PLACE |
25 Oct 2022 | £103,881 | £105,000 | 9 CHANDRA PLACE |
This house has a floor area of 86 sq meters or 935 sq feet when measured on 13 Aug 2011. Using an estimated price of £172,504 means this house is valued at £1,984 per sq meter (£184 per sq foot).
The average size of a house on GISHFORD WAY is 96 sq meters (1,038 sq feet).
Date | Crime | Outcome | Where |
---|---|---|---|
Mar 2024 | Violence and sexual offences | Under investigation | On or near Gishford Way |
Feb 2024 | Violence and sexual offences | Under investigation | On or near Bonington Way |
Dec 2023 | Violence and sexual offences | Investigation complete; no suspect identified | On or near Bonington Way |
Dec 2023 | Violence and sexual offences | Offender given a caution | On or near Bonington Way |